CLP Risk Management & Sustainability Flashcards

Environmental sustainability in reverse logistics focuses primarily on:

Answer: Reducing waste through recycling, refurbishing, and proper disposal

Sustainable reverse logistics emphasizes minimizing environmental impact by recycling, remanufacturing, and responsibly disposing of returned products.

A force majeure clause in a logistics contract protects parties from liability when:

Answer: Extraordinary events beyond their control prevent contract fulfillment

Force majeure clauses excuse contractual performance when unforeseeable events such as natural disasters or pandemics make fulfillment impossible.

Which supply chain risk category includes risks arising from regulatory changes or trade policy shifts?

Answer: Geopolitical and regulatory risk

Geopolitical and regulatory risks include tariff changes, import/export restrictions, and trade policy shifts that affect supply chain flows.

The concept of the 'triple bottom line' in sustainable logistics refers to performance measured across:

Answer: People, planet, and profit

The triple bottom line framework evaluates organizational performance across social (people), environmental (planet), and economic (profit) dimensions.

Supply chain mapping is a risk management tool used to:

Answer: Identify all suppliers and nodes in the supply chain to reveal vulnerabilities

Supply chain mapping documents all tiers of suppliers and logistics nodes, exposing single points of failure and concentration risks.

What is the primary purpose of a logistics risk register?

Answer: Documenting identified risks, their likelihood, impact, and mitigation actions

A risk register is a structured document that records all identified logistics risks along with their probability, potential impact, and planned mitigation strategies.